Cheryl & Jim Markham Purchase $6.2M Condo From Emaar Properties In Los Angeles
1200 Club View Drive
$6,200,000
$1,491/SF
Building Size
4,158 SF
Asset Type
Condo
Closing
Jun 6, 2024
AI
The property involved in the transaction is a 4,158-square-foot condo located at 1200 Club View Drive in Los Angeles. The condo was sold for $6,200,000, translating to a price per square foot of $1,491. Situated on the 14th floor of Beverly West, the residence offers panoramic views, modern furnishings, and exclusive amenities like 24/7 security, valet parking, and a saltwater pool, providing a stylish urban retreat in the heart of the Wilshire Corridor.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,200,000
- Buyer: Cheryl & Jim Markham
- Seller: Emaar Properties
- Brokers: Amir Ensani, Sally Forster Jones & Tomer Fridman - Compass
Celebrity haircare pioneer Jim Markham and his wife Cheryl have acquired the luxurious condo, opting for a pied-à-terre in Los Angeles as they divest their Newport Beach mansion. The Markhams will now enjoy the exclusivity and comfort provided by the property's amenities and prime location in the city, making it a sought-after urban retreat.
Players
Los Angeles Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93